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January 2025

Greetings,
You are receiving this newsletter with hopes that you find it informative and entertaining.

If you are thinking of making a move, or just curious about the real estate trend in your area, please feel free to contact us any time. It is our pleasure to help you.

Best regards,
Lyle Longridge

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Latest market update from Greater Vancouver Realtors confirm Home sales register a strong finish to cap off 2024!
Home sales registered on the Multiple Listing Service® (MLS®) in Metro Vancouver rose over thirty per cent in December, compared to the previous year, signalling strengthening demand-side momentum to close out 2024.
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New listings at 10-year high in 2024, but affordability still the elephant in the room in Fraser Valley
Bank of Canada interest rate cuts that began mid-year were not enough to ease the affordability crisis for many home buyers in the Fraser Valley in 2024, leading to a decline in annual sales.
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Deal volume drops in aftermath of capital gains policy deadline.
Commercial transaction volumes in the Lower Mainland fell significantly in the aftermath of the June 25 deadline to increase the capital gains inclusion rate, as many deals that would have transacted in the third quarter were pulled forward into the secon
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Market Watch - Annual Sales Were Up Slightly in 2024 Compared to Last Year.
Borrowing costs were at the top of home buyers' minds in 2024. High interest rates presented significant affordability hurdles and kept home sales well below the norm. The housing market did benefit from substantial Bank of Canada rate cuts in the second half of the year, including two large back-to-back reductions.
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6 New Year’s Resolutions for The First-time Home Buyers.
Happy New Year! If you’re looking to make 2025 the year that you finally become a homeowner, then it’s time to make a few New Year’s resolutions. Your dream can be achieved with a simple plan and the desire to see it through all the way to your new home!
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Important Things to Consider When Buying a Condo
For first-time buyers or those looking for a more affordable investment into a certain real estate market, a condo is clearly an excellent choice. The concept of a communal space is attractive. Shared amenities, community involvement, and proximity to urban areas make condos a great idea also
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10 Tips for Creating the Ideal Basement Apartment
A basement apartment can be a good investment. But nowadays, any old basement apartment just won’t do. If you want to have a successful lower-level living space, you need to impress potential renters right from the start.
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How to Avoid Defaulting on Your Mortgage Payments
Some homeowners may stumble upon financial hardships that make it difficult for them to pay their mortgage payments. Once your mortgage loan defaults, the chance of foreclosure increases.
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Compliments of
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Lyle Longridge 
Managing Broker/Realtor 
The Partners Real Estate 
lyle@lylelongridge.com 
Cell : 604-812-4076

 

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PRICED WELL BELOW ASSESSMENT!! Charming 4 BED 3 BATH Family Home nestled in the heart of Somerset,one of Pitt Meadows most desirable neighbourhoods.Located on a quiet,tree-lined Cul de Sac minutes away from schools,parks,shopping & easy access to transportion.This inviting property offers a perfect blend of modern living & cozy comfort,ideal for familes.Spacious open-concept layout features a bright living room & Large Dining area complete W/large windows that fill the space with natural light.Updated Kitchen & Den,New Furnace,Central Air Conditioning & plenty of storage.Private fenced backyard is perfect for entertaining Kids & Pets.Upstairs,4 generously-sized bedrooms provide plenty of space for the whole family. This is the perfect place to call home.

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Know what I want?

More great clients like you! Your referrals are always appreciated.

Lyle Longridge
Managing Broker/ Realtor
Longridge Real Estate @ The Partners Real Estate Vancouver
2430 Marine Drive
West Vancouver, BC, V7V 1L1

Email us: lyle@lylelongridge.com
Call us : 604-812-4076

 

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